{"id":465280,"date":"2023-12-13T11:05:37","date_gmt":"2023-12-13T11:05:37","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=465280"},"modified":"2023-12-13T11:05:37","modified_gmt":"2023-12-13T11:05:37","slug":"xrp-price-prediction-mike-novogratz-says-he-was-dead-wrong-about-ripples-xrp-as-investors-scramble-to-make-the-right-call-on-this-presale-with-10x-potential","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/xrp-price-prediction-mike-novogratz-says-he-was-dead-wrong-about-ripples-xrp-as-investors-scramble-to-make-the-right-call-on-this-presale-with-10x-potential","title":{"rendered":"XRP Price Prediction: Mike Novogratz Says He Was &#8221;Dead Wrong&#8221; About Ripple&#8217;s XRP As Investors Scramble To Make The Right Call On This Presale With 10X Potential"},"content":{"rendered":"<p>XRP price is down 3% to trade for $0.6050 as of 3:00 a.m. EST time alongside a 7% drop in trading volume.<\/p>\n<p>It comes after the Ripple price faced a rejection from the supply zone extending from $0.6572 to $0.7161, an area where sellers abound.<\/p>\n<p>As the XRP price struggles to breach this supplier congestion zone, investors are scrambling to make the right call, which might be to <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin-minetrix\" target=\"_blank\" rel=\"noopener\">buy BTCMTX<\/a> while they still can.<\/p>\n<p>According to analysts, the token has 10X potential once it is listed on exchanges.<\/p>\n<p><iframe title=\"&#128640; Stake Your Claim in Bitcoin Minetrix Mining! The Record-Smashing Launch That's Set to Skyrocket!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/uxw3IbCAFZ8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Meanwhile, Galaxy Digital CEO Mike Novogratz has taken back his words doubting the potency of Ripple and XRP as an ecosystem. The crypto billionaire was skeptical about the potential of Ripple price because of the amount of XRP tokens held by the San Francisco-based payments company Ripple.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#129525; Alpha time: <a href=\"https:\/\/twitter.com\/novogratz?ref_src=twsrc%5Etfw\">@novogratz<\/a> x <a href=\"https:\/\/twitter.com\/RaoulGMI?ref_src=twsrc%5Etfw\">@RaoulGMI<\/a><\/p>\n<p>Please enjoy 5 takeaways from this convo&hellip; &#129761;<\/p>\n<p>1\/ &#128640; Novo on Ripple's <a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$XRP<\/a> triumph against all odds: \"I was wrong&hellip;\" <a href=\"https:\/\/t.co\/aleePocwRQ\">https:\/\/t.co\/aleePocwRQ<\/a> <a href=\"https:\/\/t.co\/T3rXFbbF3L\">pic.twitter.com\/T3rXFbbF3L<\/a><\/p>\n<p>&mdash; Real Vision (@RealVision) <a href=\"https:\/\/twitter.com\/RealVision\/status\/1733929433717768447?ref_src=twsrc%5Etfw\">December 10, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Mike Novogratz Expresses Belief In XRP<\/h2>\n<p>Appearing on RealVision, Novogratz <a href=\"https:\/\/twitter.com\/RealVision\/status\/1733929433717768447\" target=\"_blank\" rel=\"noopener\">said<\/a> he had been doubtful about the sustainability of XRP as an ecosystem as Ripple owned around 60% of the token supply.<\/p>\n<p>But he&rsquo;s now congratulating Ripple CEO Brad Garlinghouse and his team. &ldquo;The XRP army is real,&rdquo; he said. &ldquo;They care about their ecosystem and their coin.&rdquo;<\/p>\n<p>Elsewhere, Ripple lawyer John E. Deaton has identified the &ldquo;single threat to crypto&rdquo; and it is not the US Securities and Exchange Commission (SEC) chair Gary Gensler. In his opinion, Senator Elizabeth Warren is the industry&rsquo;s sole enemy, with Deaton observing that she is the one who gives Gensler his commanding orders.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Her bill is a BIG deal. NINE U. S. Senators have joined her, including Republicans and Independents. As I&rsquo;ve said, if you&rsquo;re talking about people, Elizabeth Warren is the single biggest threat to Crypto in the United States. It&rsquo;s not Gensler because Gensler takes his marching&hellip; <a href=\"https:\/\/t.co\/N6PnYlFQVZ\">https:\/\/t.co\/N6PnYlFQVZ<\/a><\/p>\n<p>&mdash; John E Deaton (@JohnEDeaton1) <a href=\"https:\/\/twitter.com\/JohnEDeaton1\/status\/1734586066928078881?ref_src=twsrc%5Etfw\">December 12, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>It comes after Senator Warren proposed a bill to &ldquo;crackdown&rdquo; on the crypto industry. In her opinion, the sector needs &ldquo;greater compliance&rdquo; as it is an enabler for criminal activities.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Despite Warren's 0\/305 track record for getting bills approved, I hope this isn't her first success. <\/p>\n<p>Between FinCEN's proposed rule against mixers and this nonsense, it sure feels like there is a coordinated attack on Bitcoin in America. <\/p>\n<p>I'm hopeful election day will bring a&hellip; <a href=\"https:\/\/t.co\/yo1nEcwXVp\">pic.twitter.com\/yo1nEcwXVp<\/a><\/p>\n<p>&mdash; Sasha Hodder (@sashahodler) <a href=\"https:\/\/twitter.com\/sashahodler\/status\/1734780772890939555?ref_src=twsrc%5Etfw\">December 13, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>XRP Price Prognosis<\/h2>\n<p>After a rejection from the supply barrier, XRP price continues to hold above the $0.5773 support. However, the bears have the upper hand considering the Relative Strength Index (RSI) is below the 50 mark. Its inclination to the south also points to falling momentum.<\/p>\n<p>The red histogram bars of the Awesome Oscillator (AO) also point to the presence of the bears in the Ripple market. Increased selling pressure could see the XRP price extend south, potentially losing the $0.5773 support. In the dire case, the slump could extend for the price to test the $0.4595 support floor. Such a move would constitute a 25% drop below current levels.<\/p>\n<figure id=\"attachment_465281\" aria-describedby=\"caption-attachment-465281\" style=\"width: 1258px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/XRPUSDT_2023-12-13_10-58-20.png\"><img decoding=\"async\" class=\"wp-image-465281 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/XRPUSDT_2023-12-13_10-58-20.png\" alt=\"XRP price\" width=\"1258\" height=\"538\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/XRPUSDT_2023-12-13_10-58-20.png 1258w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/XRPUSDT_2023-12-13_10-58-20-300x128.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/XRPUSDT_2023-12-13_10-58-20-1024x438.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/12\/XRPUSDT_2023-12-13_10-58-20-768x328.png 768w\" sizes=\"(max-width: 1258px) 100vw, 1258px\"><\/a><figcaption id=\"caption-attachment-465281\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/x\/r8UeM0pm\/\" target=\"_blank\" rel=\"noopener\">TradingView: XRP\/USDT 1-day chart<\/a><\/figcaption><\/figure>\n<p>On the flip side, if late investors come in, the ensuing buying pressure could see XRP price pull north, foraying into the supply zone extending from $0.6572 to $0.7161. A break and close above the mean threshold of this order block at $0.6869 would confirm the continuation of the northbound move.<\/p>\n<p>A decisive candlestick close above the $0.7333 resistance level would render the supply zone a bullish breaker, setting the pace for a continuation of the trend, with XRP price likely to reach the $0.8505 local top, last tested in July.<\/p>\n<p>In a highly bullish case, the gains could extend for XRP price to tag the range high at $0.9380, a move that would denote a 60% climb above current levels.<\/p>\n<p>As XRP price works out its next move, consider <a href=\"https:\/\/insidebitcoins.com\/visit\/bitcoinminetrix\" target=\"_blank\" rel=\"noopener nofollow\">BTCMTX<\/a>, the choice project for anyone looking to become a Bitcoin owner. The project does not give you BTC tokens but gives you a chance to mine them in the easiest way possible.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinMinetrix<\/a> stands out for its cost-effectiveness. &#128176;<\/p>\n<p>By eradicating the necessity for hardware expenses, it offers a efficient approach to mining. &#128736;&#65039;<\/p>\n<p>Users can partake in mining without the burden of physical equipment, making it an accessible and economical option. <a href=\"https:\/\/t.co\/pPGTpEe0YM\">pic.twitter.com\/pPGTpEe0YM<\/a><\/p>\n<p>&mdash; Bitcoinminetrix (@bitcoinminetrix) <a href=\"https:\/\/twitter.com\/bitcoinminetrix\/status\/1734498383941771765?ref_src=twsrc%5Etfw\">December 12, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Promising Alternative To XRP<\/h2>\n<p>BTCMTX powers the <a href=\"https:\/\/insidebitcoins.com\/visit\/bitcoinminetrix\" target=\"_blank\" rel=\"noopener nofollow\">Bitcoin Minetrix<\/a> ecosystem. The token sells for just $0.0122, but this price will increase in less than four days. Buy BTCMTX before the price increases.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinMinetrix<\/a> Stage 13 kicks off! &#128276;<\/p>\n<p>What do you believe will be the most transformative use case for <a href=\"https:\/\/twitter.com\/hashtag\/Blockchain?src=hash&amp;ref_src=twsrc%5Etfw\">#Blockchain<\/a> technology in the next five years, and how might it impact our daily lives? <a href=\"https:\/\/t.co\/y0nlEFWQ9X\">pic.twitter.com\/y0nlEFWQ9X<\/a><\/p>\n<p>&mdash; Bitcoinminetrix (@bitcoinminetrix) <a href=\"https:\/\/twitter.com\/bitcoinminetrix\/status\/1734543688884171015?ref_src=twsrc%5Etfw\">December 12, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The token features among the <a href=\"https:\/\/insidebitcoins.com\/news\/top-crypto-presales-to-consider-before-the-next-bitcoin-halving\" target=\"_blank\" rel=\"noopener\">top crypto presales to consider ahead of the next BTC halving<\/a>. Further, with the spot BTC exchange-traded funds (ETFs) narrative catching steam, the best time to own BTC is now and Bitcoin Minetrix makes it possible for you. Buy BTCMTX, one of the best five crypto presales to buy now.<\/p>\n<p><iframe title=\"Best 5 Crypto Presales to Buy NOW! (10X POTENTIAL COINS?)\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/i7tLOR_-vpc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>So far, presale sales have reached $5.247 million, out of the target of $6.079 million. Based on the pace of sales, this target could be reached soon. Do not miss out for any reason.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Tether?src=hash&amp;ref_src=twsrc%5Etfw\">#Tether<\/a> freezes 41 wallets linked to OFAC's SDN List, taking precautionary measures. &#128274;<\/p>\n<p>CEO Paolo Ardoino emphasizes a safer <a href=\"https:\/\/twitter.com\/hashtag\/Stablecoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Stablecoin<\/a> ecosystem.<\/p>\n<p>How do you think such actions impact the stability and trust in stablecoin technology?<a href=\"https:\/\/twitter.com\/hashtag\/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinMinetrix<\/a> attains another&hellip; <a href=\"https:\/\/t.co\/EOIjneI5f3\">pic.twitter.com\/EOIjneI5f3<\/a><\/p>\n<p>&mdash; Bitcoinminetrix (@bitcoinminetrix) <a href=\"https:\/\/twitter.com\/bitcoinminetrix\/status\/1734517516888641888?ref_src=twsrc%5Etfw\">December 12, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The project has decentralized and tokenized the entire process, thereby eliminating risks of swindles as there are no third parties.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Stay alert to potential <a href=\"https:\/\/twitter.com\/hashtag\/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinMinetrix<\/a> scams! &#128274;<\/p>\n<p>Here are essential tips for improved safety: &#128737;&#65039;<\/p>\n<p>Verify details from trusted sources.<\/p>\n<p>Refrain from sharing personal or sensitive data.<a href=\"https:\/\/twitter.com\/hashtag\/CryptoSafety?src=hash&amp;ref_src=twsrc%5Etfw\">#CryptoSafety<\/a> <a href=\"https:\/\/t.co\/9VdOfrhaNT\">pic.twitter.com\/9VdOfrhaNT<\/a><\/p>\n<p>&mdash; Bitcoinminetrix (@bitcoinminetrix) <a href=\"https:\/\/twitter.com\/bitcoinminetrix\/status\/1734860770448486553?ref_src=twsrc%5Etfw\">December 13, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Visit Bitcoin Minetrix website to buy BTCMTX <a href=\"https:\/\/insidebitcoins.com\/visit\/bitcoinminetrix\" target=\"_blank\" rel=\"noopener nofollow\">here<\/a>.<\/p>\n<h3>Also Read:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/how-to-buy-bitcoin-minetrix-on-presale-alessandro-de-crypto-video-review\">How To Buy Bitcoin Minetrix On Presale &ndash; Alessandro De Crypto Video Review<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/bitcoins-continued-price-surge-signals-a-positive-trend-in-the-bitcoin-minetrix-presale\">Bitcoin&rsquo;s Continued Price Surge Signals a Positive Trend in the Bitcoin Minetrix Presale<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-aims-for-50000-amid-crypto-bull-run-surge-while-bitcoin-minetrixs-btc-cloud-mining-token-soars-to-5m\">Bitcoin Price Eyes $50,000 Amid Crypto Bull Run Surge As BTC Cloud Mining Token Bitcoin Minetrix Blasts Past $5M<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/top-crypto-presales-to-consider-before-the-next-bitcoin-halving\">Top Crypto Presales to Consider Ahead of the Next Bitcoin Halving &ndash; Bitcoin Minetrix, Meme Kombat, TG.Casino and Bitcoin ETF Token<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Most Searched Crypto Launch - Pepe Unchained<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/pepu.svg\" alt=\"Pepe Unchained\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>Layer 2 Meme Coin Ecosystem<\/li>\n                                                                                                    <li>Featured in Cointelegraph<\/li>\n                                                                                                    <li>SolidProof &amp; 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It comes after <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1911,"featured_media":465282,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v22.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>XRP Price Prediction: Mike Novogratz Says He Was &#039;&#039;Dead Wrong&#039;&#039; About Ripple&#039;s XRP As Investors Scramble To Make The Right Call On This Presale With 10X Potential - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"XRP price is down 3% to trade for $0.6050 as of 3:00 a.m. EST time alongside a 7% drop in trading volume. 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